UAE and Sweden Arrest Seven in Crypto Money Laundering Bust Tied to Contract Killings
The UAE Ministry of Interior, in coordination with Swedish authorities, has arrested a Swedish national who led an international money-laundering gang, while six other members of the network were detained simultaneously in Sweden, according to a September 17 announcement from the Emirates News Agency (WAM). The network is alleged to have handled roughly SEK 70 million, about AED 26.5 million, over ten months, moving cash proceeds from criminal activity and using cryptocurrencies to transfer the value of those funds. The operation was the result of direct security coordination and intelligence sharing between the two countries.